Central Asian Energy Investment Forum 2019 wraps up its work
Tashkent, Uzbekistan (UzDaily.com) -- On 20-21 September, the Central Asian Energy Investment Forum 2019 was held in Tashkent.
The Forum was organized by the Government of the Republic of Uzbekistan together with the Asian Development Bank under the auspices of CAREC, partnerships from 11 countries and development partners working together to promote development through cooperation.
The second day of the forum, 21 September, was opened by Session 2: “How to make the energy transition (transition to alternative energy sources) a profitable business in Central Asia?” It featured speeches from the ADB Energy Sector Group, the German Energy Agency. Then a podium discussion was held with the participation of members of the management of Power China International Group Limited, KB Global Investments, ACWA, as well as the former Deputy Mayor of Vienna.
At Session 3: “Balancing Risks and Revenues in Transition”, presentations were made by members of the ADB management and the Secretariat of the Forum of Gas Exporting Countries. The podium discussion was held with the participation of lawyers, bankers, representatives of international financial organizations, insurance companies and governments. Here, in particular, members of the management of Bayat Group, Ghazanfar Group, Samruk-Energy, Sapphire Group, and Kazakhstan Energy Exchange shared their views.
Session 4 was dedicated to the theme: “Meet the future - regional startups and innovative business models in the energy sector”. Representatives of the management of Power Ledger and Next Kraftwerke GmbH spoke on the topic.
Then there were presentations of regional startups in the TedTalk format, a vote and an award ceremony for the authors of the best startups.
At Session 5: “This is how we do it - General regional methods and procedures for doing business”, a statement was made by the Chamber of Commerce and Industry of the Republic of Uzbekistan.
Then, representatives of various Chambers of Commerce, as well as entrepreneurs who shared their experiences on how they managed to create a successful business in Central Asia, took part in the podium discussion. Among them are General Electric, Director General for Central Asia and Azerbaijan, and Executive Director of the Representative Office of the American Chamber of Commerce (AmCham) in Kazakhstan.
At the end of the second and final day of the forum, the results of its work were summed up by a representative of the Government of Uzbekistan and Director of the Department of Energy of Central and West Asia of the Asian Development Bank.
The Central Asian Regional Economic Cooperation (CAREC) Program was created on the initiative of the Asian Development Bank in 2001. The CAREC Program is a partnership of a number of countries and development partners working together to promote development through cooperation leading to accelerated economic growth and shared prosperity . Member countries include Azerbaijan, Afghanistan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, China, Tajikistan, Turkmenistan, Uzbekistan, and Mongolia.